Overview: In November 2020 NIZHNY NOVGOROD REGION exported $436M and imported $280M, resulting in a positive trade balance of $156M. Between November 2019 and November 2020 the exports of NIZHNY NOVGOROD REGION have decreased by $-72.9M (-14.3%) from $509M to $436M, while imports decreased by $-40.8M (-12.7%) from $321M to $280M.
Trade: In November 2020, the top exports of NIZHNY NOVGOROD REGION were Electric Motors ($83.6M), Other Heating Machinery ($38.5M), Commodities not elsewhere specified ($30.3M), Large Iron Containers ($24.7M), and Iron Ore ($12.3M). In November 2020 the top imports of NIZHNY NOVGOROD REGION were Metal-Rolling Mills ($21.1M), Packaged Medicaments ($18.7M), Other Heating Machinery ($16.5M), Vehicle Parts ($13M), and Seats ($8.33M).
Destinations: In November 2020, NIZHNY NOVGOROD REGION exported mostly to Bangladesh ($146M), India ($45.8M), Belarus ($41.2M), Kazakhstan ($33.5M), and Uzbekistan ($25.5M), and imported mostly from China ($51.7M), Germany ($39.1M), Italy ($26.3M), Belarus ($22.9M), and France ($16M).
Growth: In November 2020, the decrease in NIZHNY NOVGOROD REGION's year-by-year exports was explained primarily by an decrease in exports to India ($-82.8M or -64.4%), Belgium ($-32.5M or -92%), and Netherlands ($-23.7M or -81.9%), and product exports decrease in Refined Petroleum ($-50.6M or -83.7%), Navigation Equipment ($-38.7M or -99.7%), and Other Heating Machinery ($-28.9M or -42.9%). In November 2020, the decrease in NIZHNY NOVGOROD REGION's year-by-year imports was explained primarily by an decrease in imports from Czechia ($-15.1M or -71.3%), France ($-11.9M or -42.7%), and Italy ($-11.5M or -30.4%), and product imports decrease in Other Heating Machinery ($-24.6M or -59.9%), Vehicle Parts ($-22.2M or -63.1%), and Centrifuges ($-12.5M or -85%).